Auction finds: Would you rather have a Lamborghini Urus or this clean 1988 LM002?

It’s as pristine as any 30-year-old Lamborghini SUV can get
by Leandre Grecia | Jan 27, 2022
Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction
PHOTO: RM Sotheby’s
CAR BRANDS IN THIS ARTICLE

The Lamborghini LM002 is a bit of a unicorn. See, Lamborghini only built 328 units of these, which is why we don’t often see these vintage machines. In the few times we do, though, it’s always a treat—especially when it’s in excellent condition like the one we have here.

This is a 1988-spec LM002 that’s up for auction on RM Sotheby’s, and it’s expected to fetch €250,00 to €300,000 (P14-17 million) when it finally goes under the hammer on February 2, 2022.

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

Continue reading below ↓

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

Continue reading below ↓
Recommended Videos

This three-decade-old Lambo was bought new on April 29, 1988, by prominent Italian industrialist Sergio Tontarelli. It remained in his possession for 28 years, during which it covered only a “modest mileage.” The succeeding owner was able to properly maintain the vehicle throughout the years, and as the photos indicate, the car show-worthy LM002 only has 22,616km on it.

Continue reading below ↓

There’s no mention whether or not some bits and pieces have already been replaced, but both the interior and the exterior still appear to be bone-stock and in great shape. No signs of rust or significant damages can be seen on the body, and the paint looks clean as well.

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

Continue reading below ↓

Inside, all the gray leather and wood accents seem to be intact. Granted, there’s noticeable wear on parts like the pedals, steering wheel, buttons, and upholstery, but that’s to be expected from a vehicle this old. Nothing here that a decent detailing job can’t fix.

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

Continue reading below ↓

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

This LM002 with chassis number 12110 also still has its 5.2-liter V12 under its hood. It was actually serviced just in December 2021 by Cartech Knowledge GmbH of Ismaning, Germany, with the entire job costing about €16,500 (P950,000), so we expect the vehicle still runs as good as the day it rolled off from the dealership.

Continue reading below ↓

What do you think of this vintage Lamborghini LM002?

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

Continue reading below ↓

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

Continue reading below ↓

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

Continue reading below ↓

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

Continue reading below ↓

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

Continue reading below ↓

Lamborghini LM002, 1988 Lamborghini LM002, vintage Lamborghini SUV, Vintage Lamborghini LM SUV, classic Lamborghini LM SUV auction, 1988 Lamborghini LM002 auction

See Also

Top Gear Philippines is now on Quento! Click here to download the app and enjoy more articles and videos from Top Gear Philippines and your favorite websites.

View other articles about:
PHOTO: RM Sotheby’s
  • Quiz Results

  • TGP Rating:
    /20

    Starts at ₱

    TGP Rating:
    /20
    Starts at ₱